Kestra Advisory Services LLC Acquires 16,257 Shares of Eversource Energy $ES

Kestra Advisory Services LLC boosted its holdings in shares of Eversource Energy (NYSE:ES) by 68.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,149 shares of the utilities provider’s stock after acquiring an additional 16,257 shares during the quarter. Kestra Advisory Services LLC’s holdings in Eversource Energy were worth $2,782,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ES. Resona Asset Management Co. Ltd. lifted its holdings in shares of Eversource Energy by 3.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 148,758 shares of the utilities provider’s stock worth $10,261,000 after purchasing an additional 4,499 shares during the period. Jackson Thornton Wealth Management LLC raised its position in Eversource Energy by 18.9% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 3,911 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 621 shares during the last quarter. United Asset Strategies Inc. raised its position in Eversource Energy by 2.7% during the 1st quarter. United Asset Strategies Inc. now owns 13,309 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 351 shares during the last quarter. Swedbank AB lifted its holdings in Eversource Energy by 5.9% during the 1st quarter. Swedbank AB now owns 702,198 shares of the utilities provider’s stock worth $48,648,000 after buying an additional 39,012 shares during the period. Finally, Ascentis Independent Advisors lifted its holdings in Eversource Energy by 74.7% during the 1st quarter. Ascentis Independent Advisors now owns 9,165 shares of the utilities provider’s stock worth $635,000 after buying an additional 3,918 shares during the period. 79.99% of the stock is owned by institutional investors.

Eversource Energy Stock Down 0.5%

Shares of Eversource Energy stock opened at $74.66 on Friday. Eversource Energy has a one year low of $61.53 and a one year high of $76.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s 50-day moving average is $70.72 and its 200 day moving average is $70.28. The firm has a market cap of $28.08 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 4.94 and a beta of 0.70.

Eversource Energy (NYSE:ES) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping the consensus estimate of $1.59 by $0.14. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Equities research analysts anticipate that Eversource Energy will post 4.65 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, May 18th were given a dividend of $0.7875 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.15 annualized dividend and a dividend yield of 4.2%. Eversource Energy’s dividend payout ratio (DPR) is 67.31%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group reduced their price target on Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Argus lowered Eversource Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 12th. BMO Capital Markets reissued a “market perform” rating on shares of Eversource Energy in a research report on Wednesday, July 1st. Seaport Research Partners lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Mizuho decreased their price objective on shares of Eversource Energy from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Eversource Energy currently has an average rating of “Hold” and a consensus price target of $71.91.

Insider Activity at Eversource Energy

In other news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $69.88, for a total value of $489,160.00. Following the completion of the sale, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.